2/15/11
This simulation is designed to give you realistic experience in keeping accounting records for a small business. You will work as an accountant for CTB, a group that has just formed a business partnership. The band members will count on you to keep their accounting records up to date. You will record transactions using common business documents such as check and invoices. Because this is a new business, you will record transactions related to forming a company, such as the initial capital investment of each partner.
As we continue to look at the information for the 2 companies, Smith and Johnson - we will want to make some comparisons and assumptions that involve statistical data. The following website covers some basic statistical tools that may help us. The first ones are ones you have used in Math - so review Mean, Mode, Median, Percent, etc. From that point on, read about about the rest of the analysis that might be done on data. You will have a graded worksheet on Tues that gives you an example and you will need to indicate which statistical info would tell the most about the data set. You can take notes today and use on the worksheet.
This simulation is designed to give you realistic experience in keeping accounting records for a small business. You will work as an accountant for CTB, a group that has just formed a business partnership. The band members will count on you to keep their accounting records up to date. You will record transactions using common business documents such as check and invoices. Because this is a new business, you will record transactions related to forming a company, such as the initial capital investment of each partner.
2/14/11
As we continue to look at the information for the 2 companies, Smith and Johnson - we will want to make some comparisons and assumptions that involve statistical data. The following website covers some basic statistical tools that may help us. The first ones are ones you have used in Math - so review Mean, Mode, Median, Percent, etc. From that point on, read about about the rest of the analysis that might be done on data. You will have a graded worksheet on Tues that gives you an example and you will need to indicate which statistical info would tell the most about the data set. You can take notes today and use on the worksheet.
Statistics
2/9/11
Balance Sheet
Income Statement
2/8/11
Acct overview